Morgan Stanley Cuts Huntsman (NYSE:HUN) Price Target to $20.00

Huntsman (NYSE:HUN - Get Free Report) had its target price decreased by equities researchers at Morgan Stanley from $24.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the basic materials company's stock. Morgan Stanley's price target suggests a potential upside of 20.12% from the stock's current price.

HUN has been the subject of several other research reports. Mizuho cut their price target on shares of Huntsman from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on Huntsman from $26.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. Citigroup decreased their price objective on Huntsman from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. UBS Group dropped their target price on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, Royal Bank of Canada decreased their price target on shares of Huntsman from $23.00 to $20.00 and set a "sector perform" rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.33.

Huntsman Stock Performance

NYSE:HUN traded up $0.44 during mid-day trading on Monday, hitting $16.65. The company's stock had a trading volume of 3,410,326 shares, compared to its average volume of 2,525,214. The business's fifty day moving average is $18.98 and its two-hundred day moving average is $21.24. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of -24.13 and a beta of 0.97. Huntsman has a 1 year low of $15.95 and a 1 year high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $0.15 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. Analysts anticipate that Huntsman will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Huntsman

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company's stock.

Institutional Trading of Huntsman

Several institutional investors have recently modified their holdings of HUN. Matrix Trust Co acquired a new position in Huntsman during the third quarter worth approximately $25,000. True Wealth Design LLC purchased a new position in Huntsman during the 3rd quarter worth $62,000. Capital Performance Advisors LLP purchased a new position in shares of Huntsman during the third quarter worth about $78,000. Quarry LP lifted its position in Huntsman by 64.8% during the 2nd quarter. Quarry LP now owns 3,664 shares of the basic materials company's stock worth $83,000 after acquiring an additional 1,441 shares during the period. Finally, Rossmore Private Capital acquired a new position in shares of Huntsman in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 84.81% of the company's stock.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.